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☆ ‘The Sympathizer’ star on how he ‘never felt rooted’ to his Vietnamese heritage until landing lead role
▼ + stars: | 2024-04-28 | by ( Rochelle Beighton | ) edition.cnn.com time to read: +5 min

Set in the 1970s as the Vietnam War draws to a close, Xuande embodies The Captain, an unnamed double agent for the Viet Cong operating within the American-backed South Vietnamese army. ‘It’s my life’Chinh, known for her role in “The Joy Luck Club,” portrays a refugee mother to a South Vietnamese Major (Phanxine) who is forced to flee to the US. Drawing parallels with her own life, she was born during the Vietnam War and was forced to evacuate at the age of 15. A unique casting challengeCasting the role of The Captain was a critical and challenging task for casting director Jennifer Venditti and her team. Xuande’s response to an international casting call immediately caught their attention with an impressive audition tape.

Persons: Viet Thanh Nguyen, “, Park Chan, ” Xuande, Xuande, ”, Robert Downey Jr, “ Oppenheimer, Sandra Oh, Fred Nguyen Khan, Toan Le, Vy Le, Nguyen Cao Ky Duyen, Alan Trong, ‘, Chinh, Joy, Sofia Mori –, –, It’s, ” Oh, Jennifer Venditti, Don McKellar, Xuande familiarized, Chan, we’d Organizations: CNN, HBO, Warner Bros ., Viet, Opportunity, Hollywood, Joy Luck, South Locations: Vietnam, United States, Saigon, Sydney, Australia, South Vietnamese, Los Angeles, South Korea, Hollywood, Viet

At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ A 6-month Chinese-food festival is bringing authentic and flavor-packed cuisine to New York City's masses
▼ + stars: | 2024-04-22 | by ( Xintian Tina Wang | ) www.businessinsider.com time to read: +10 min

At New York's Dragon Festival, authentic Chinese brands and restaurants excite locals' taste buds. Its founder shared some of her favorite vendors of soup dumplings and candies at the opening event. "This doesn't taste like home," said Xu, a 31-year-old entrepreneur and the creator of New York City's Dragon Festival, the biggest Chinese-food festival in the metropolitan area. Jessie YuChen for BIChen said that confectioners in her home province of Fujian, China, caught her attention when she was younger. In 2006, inspired by the soup dumplings made popular by Shanghai's Nanxiang district, Ma opened his first New York City storefront.

Persons: —, Xu, Jessie YuChen, she's, Mila, Tang Hulu, I'm, Bu Tong, Ivy Chen, Dragon Lulu, Chen, Vivian Cao, confectioners, Emperor Guangzong, Michael Ma, Xiang Xiao Long Bao, Nan Xiang Xiao Long Bao, Ma, Nan, bartenders, Coco, Xibei Yang Organizations: Service, Park, Dragon, Prospect, lollipop, Michelin, Chi Forest, Haidilao, BI Locations: New York, SoHo, Chinatown, Flushing, York City, Koreatown, Union, Chelsea, Washington, Kwa, Henan, Queens, Prospect Park , Brooklyn, Beijing, Fujian, China, Shanghai, York, Nanxiang, New York City, Jiangsu, Zhejiang, Chi, Thai, Bangkok, Sichuan, Manhattan

☆ Study links accelerated aging to cancer risk in younger adults
▼ + stars: | 2024-04-07 | by ( Brenda Goodman | ) edition.cnn.com time to read: +6 min

CNN —Researchers looking for clues about why some types of cancer are on the rise in younger adults say they’ve found an interesting lead: a connection to accelerated biological aging. What faster aging could tell us about cancer riskAfter adjusting the data for factors they thought might bias their results, the researchers found that accelerated aging was associated with increased risk for cancer. “There are medications that also look like they can slow down accelerated aging,” said Blaes, who is testing two of them in cancer survivors. Cancer survivors often show greater biological aging, perhaps because of the after effects of therapies like chemotherapy and radiation. It’s not quite prime time, where we would go out and prescribe those medications for people, but this is really, really important work,” Blaes said.

Persons: they’ve, It’s, ”, Yin Cao, Louis, Cao, Tian, ” Cao, Anne Blaes, “, Blaes, Dr, Sanjay Gupta, ” Blaes Organizations: CNN, Washington University School of Medicine, American Association of Cancer, University of Minnesota, Hematology, Oncology, UM, CNN Health, Cancer Locations: St, San Diego

☆ Chinese envoy meets Hamas chief Haniyeh after first visit to Israel since Gaza war began
▼ + stars: | 2024-03-19 | by ( Simone Mccarthy | Wayne Chang | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Chinese diplomat Wang Kejian met Hamas political leader Ismail Haniyeh in Qatar, China’s Foreign Ministry said Tuesday, the first meeting between a Chinese and Hamas official publicly acknowledged by Beijing since the outbreak of the war in Gaza. Wang and Haniyeh “exchanged views on the Gaza conflict and other issues” during their meeting Sunday, according to a brief readout from China’s Foreign Ministry Tuesday. Wang’s visit comes as Beijing aims to step up its profile as a peace broker and has become increasingly vocal in its opposition to the Gaza war. Fighting began on October 7 when Hamas carried out a deadly attack on Israel, killing more than 1,200 people and taking some 250 hostages, according to Israel. During his visit to the West Bank, Wang met with the Palestinian Authority’s foreign minister Riyad al-Maliki, where the Chinese envoy said Beijing is “deeply concerned” about the conflict in Gaza.

Persons: Wang Kejian, Ismail Haniyeh, Wang, Haniyeh “, Haniyeh, Qatar Cao Xiaolin, ”, Cao, Wang’s, Riyad al, “, Zhai Jun, Wang Yi, ” Wang Organizations: Hong Kong CNN, China’s, Hamas, West Bank –, Foreign, “, Security Council, United Nations, International Court of Justice, China’s Foreign Ministry, West Bank, Ministry of Health, Palestinian, Foreign Ministry, Beijing, Palestinian National Authority, Global South, UN, UN Security Council, Washington, Palestine Locations: Hong Kong, Qatar, Beijing, Gaza, Wang, Israel, China, Lebanon, Egypt, Palestinian Territories, Saudi Arabia, Jordan, Indonesia, Global South Beijing, United States, Xinjiang

☆ A nostalgic look back at when the Internet still felt joyful
▼ + stars: | 2024-03-14 | by ( Steffi Cao | ) edition.cnn.com time to read: +9 min

These were informal but high-stakes gatherings, then known as LAN parties, whether winning a box of energy drinks or just the joy of emerging victorious. Many people who had never experienced the era of LAN parties also responded with excitement. Digital cameras — with which most of the photos in “LAN Party” were taken — had just become widely available to the public. LAN parties made space for competition and community in both 'real life' and online environments simultaneously. Dane Oleson/Electronox/Courtesy Thames & HudsonThough they have significantly dwindled in frequency, LAN parties do still take place.

Persons: David Harrison, Gen Xers, podcaster Merritt, ”, ” K, “, ’, Anne de Waal, Charles, Jeff Tillett, —, Merritt K, Brett Masse, Nick Huber, White, it’s, Dane Oleson Organizations: CNN, chrysalis, Google, Napster, Hudson, Thames, LAN Party, Twitter, QuakeCon, IRL Locations: Brisbane, Australia, Hengelo, The Netherlands, St, Charles Parish , Louisiana, Dallas , Texas, Tulsa , Oklahoma, Lee's Summit , Missouri

☆ Is your mom a 'Temu victim?'
▼ + stars: | 2024-02-20 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Read previewWe know several things to be true about Temu, the Chinese-owned e-commerce app:This story is available exclusively to Business Insider subscribers. So we know that older shoppers love Temu, and they love the fun, whimsical, and cheap household items it sells — wall art, shower curtains, kitchen items, etc. AdvertisementOne Gen X Temu shopper told me he likes Temu because it reminds him of the stuff he's seen on late-night infomercials. Here's the flip side of this: The children, often Gen Z young adults, of those Gen X or boomer shoppers, are making fun of them for being "Temu victims." I say: Let the moms (and dads and grandparents) enjoy their Temu.

Persons: —, X, boomer, Steffi Cao, Stanley Organizations: Service, Business

☆ Britain suffered an embarrassing aircraft carrier malfunction just as China started showing off its new carrier
▼ + stars: | 2024-02-07 | by ( Mia Jankowicz | Tom Porter | ) www.businessinsider.com time to read: +3 min

China touted the capabilities of its latest aircraft carrier just as a British vessel suffered an embarrassing malfunction that caused it to pull out of NATO exercises. Chinese state broadcasters recently devoted considerable airtime to discussing the Fujian, the aircraft carrier it launched in 2022, Newsweek reported. It came as the Royal Navy announced that its flagship aircraft carrier, the HMS Queen Elizabeth, had issues with a propeller shaft, meaning it had to withdraw from NATO's upcoming exercises. It is also stretching its naval capabilities by providing protection to vessels in the Red Sea targeted by Houthi rebels . And, quite simply, the Royal Navy doesn't have enough ships, particularly destroyers and frigates, he said.

Persons: HMS, Elizabeth, —, Wu Qian, Cao Weidong, Gerald R, Ford, Lord West, Prince Organizations: NATO, Newsweek, Royal Navy, Liberation Army, Popular Mechanics, Elizabeth British Royal Navy, US Naval Institute, Business, UK's Royal Locations: China, British, Fujian, East Asia, —, Taiwan, Elizabeth British Royal Navy China, Wales

☆ Beijing Calls for 'Positive, Objective, Friendly' China Policy From South Korea
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - China hopes South Korea will pursue a "positive, objective and friendly" policy towards Beijing, foreign minister Wang Yi said in a phone call with his South Korean counterpart on Tuesday. China and South Korea have close economic ties, and should work together to maintain the stability and smooth flow of industrial and supply chains, China's foreign ministry quoted Wang as saying in a statement. During the phone call, South Korean foreign minister Cho Tae-yul asked China to play a "constructive role" in curbing North Korea's military threats, and to help North Korean defectors not to be sent back home against their will, South Korea's foreign ministry said in a statement. Wang has invited Cho to China and both countries would continue to discuss Cho's visit, the ministry said. (Reporting by Ethan Wang, Ella Cao, Ryan Woo and Ju-min Park; Editing by Alison Williams and Stephen Coates)

Persons: Wang Yi, Wang, Cho Tae, yul, Cho, Ethan Wang, Ella Cao, Ryan Woo, Alison Williams, Stephen Coates Organizations: South Korean Locations: BEIJING, China, South Korea, Beijing, North

☆ China’s Colossal Hidden-Debt Problem Is Coming to a Head
▼ + stars: | 2023-12-05 | by ( Rebecca Feng | Cao Li | ) www.wsj.com time to read: 1 min

At the People’s Bank of China in Beijing, regulators are trying to address the risks of the country’s hidden debt. Photo: mark r cristino/ShutterstockChina is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending. The International Monetary Fund and Wall Street banks estimate that the total outstanding off-balance-sheet government debt is around $7 trillion to $11 trillion. That includes corporate bonds issued by thousands of so-called local-government financing vehicles, which borrowed money to build roads, bridges and other infrastructure, or to fund other expenditures.

Organizations: People’s Bank of China, Monetary Fund Locations: Beijing, China, Cities

☆ A Spanish man accused of teaching North Korea how to evade US sanctions using crypto says his passport was confiscated more than 7 years ago
▼ + stars: | 2023-12-05 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A Spanish man accused of teaching North Korea to use crypto rejected the accusations. Alejandro Cao de Benós said his passport was confiscated 7 years ago, preventing foreign trips. AdvertisementA Spanish man pushed back against accusations that he was teaching North Koreans how to evade US sanctions using cryptocurrencies. In a strongly worded statement , Alejandro Cao de Benós said his passport was confiscated seven and a half years ago by Spanish authorities, making any foreign trips, and therefore his presence in North Korea, impossible. During the conference, Griffiths and co-conspirator Christopher Emms provided advice and instructions on how North Korea "could use blockchain and cryptocurrencies to evade US sanctions," the indictment read.

Persons: Alejandro Cao de Benós, —, Cao, Benós, Virgil Griffiths, Cao de Benós, Griffiths, Pyongyang's, Christopher Emms, Griffith, Virgil Giffin, Virgil Griffith Organizations: Service, North, Spanish, Business, Interpol, Spain's National Police, Cryptocurrency, Trump -, Economic, Public Affairs, FBI, BI, Korean Friendship Association Locations: North Korea, Spain, Spanish, Totana, Murcia, Madrid, Korea, Día

☆ China willing to continue strengthening cooperation with Belarus -state media
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Chinese President Xi Jinping and Belarusian President Alexander Lukashenko review the honour guard during a welcome ceremony at the Great Hall of the People in Beijing, China March 1, 2023. cnsphoto via REUTERS/File photo Acquire Licensing RightsBEIJING, Dec 4 (Reuters) - China is willing to continue strengthening its strategic cooperation with Belarus, President Xi Jinping was cited as saying after meeting with Belarusian President Alexander Lukashenko on Monday. Xi also said China is willing to enhance coordination and cooperation with Belarus in multilateral mechanisms such as the United Nations and the Shanghai Cooperation Organisation, the official news agency Xinhua said. Xi told Lukashenko that both countries should improve cross-border transport facilitation and promote economic and trade ties as well as people-to-people exchanges, according to Xinhua. The Chinese leader also said Beijing and the Eastern European country should implement projects such as the China-Belarus industrial park and promote industrial cooperation. Reporting by Ella Cao and Liz Lee; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, Alexander Lukashenko, Xi, Lukashenko, Ella Cao, Liz Lee, Kim Coghill, Jamie Freed Organizations: of, People, cnsphoto, REUTERS, Rights, United Nations, Shanghai Cooperation Organisation, Xinhua, Thomson Locations: Beijing, China, Rights BEIJING, Belarus, Xinhua

☆ A Spanish man faces 20 years in prison for teaching North Korea how to evade US sanctions using cryptocurrencies
▼ + stars: | 2023-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A Spanish man faces 20 years in prison for teaching North Korea cryptocurrency, according to police. Alejandro Cao de Benós is wanted by the FBI for helping North Korea evade US sanctions. He was arrested at a Madrid train station last week, Spanish police said. AdvertisementA Spanish man is facing 20 years in prison in the US for teaching North Koreans how to evade US sanctions using cryptocurrencies, according to Spain's National Police . And hackers with ties to North Korea stole $630 million in crypto last year, their biggest haul ever, Reuters reported in February, citing a confidential UN report.

Persons: Alejandro Cao de Benós, —, National Police didn't, Cao de Benós, Virgil Griffiths, Griffith, Cao de, Virgil Griffin Organizations: North Korea cryptocurrency, FBI, Service, North, Spain's National Police, Interpol, National Police, Korean Friendship Association, Trump -, Economic, Public Affairs, Street, Reuters, UN Locations: North Korea, Madrid, Barcelona, Spanish, blockchain, Pyongyang, United States, Korea, North

☆ China's LandSpace readies satellite launch with methane rocket
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 4 (Reuters) - Beijing-based LandSpace Technology, one of China's private space companies, is preparing to launch a satellite payload to orbit in the first commercial test of its rocket powered by liquid fuel using methane and oxygen. The company did not specify a launch window for the rocket, which will blast off from Jiuquan Satellite Launch Center in Inner Mongolia. The company had fundraising rounds of undisclosed sizes since, Chinese company record tracking database Tianyancha showed. LandSpace rival OrienSpace, founded in 2020, said it plans to launch its first rocket, Gravity-1, based on solid fuel, in December. ($1 = 7.1368 Chinese yuan renminbi)Reporting by Ella Cao, Roxanne Liu and Bernard Orr; Editing by Kevin Krolicki and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: LandSpace's, LandSpace, Elon Musk's, Jeff Bezos, Zhang Changwu, OrienSpace, Ella Cao, Roxanne Liu, Bernard Orr, Kevin Krolicki Organizations: Technology, Weibo, Jiuquan, Elon, Elon Musk's SpaceX, SpaceX, Sequoia Capital, China SME Development Fund, LandSpace's, Thomson Locations: BEIJING, Beijing, Inner Mongolia, China, U.S, HongShan, Sequoia Capital China

☆ China's Xi tells coast guard to enforce maritime law
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

China's President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBEIJING, Dec 1 (Reuters) - China's President Xi Jinping has said the country's coast guard must enforce maritime law and crack down on "criminal activities" to defend China's territorial sovereignty, state media reported on Friday. Xi made the comments as he inspected the China Coast Guard's command office for the East China Sea area and the performance of the coast guard's ships by video, Xinhua news agency reported. "It is necessary to establish and improve the coordination and cooperation mechanism of maritime law enforcement, severely crack down on illegal and criminal activities at sea," Xi said. The Chinese coast guard has had several confrontations with vessels from the Philippines in disputed territorial waters in the South China Sea.

Persons: Xi Jinping, Carlos Barria, Xi, Ella Cao, Bernard Orr, Christina Fincher, Barbara Lewis Organizations: Economic Cooperation, REUTERS, Rights, East, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, East China, Xinhua, Philippines, South China

China has decommissioned 70.45 gigawatts (GW) of coal-fired plants in the last decade, and is building far more renewable energy capacity than any other country. Coal power makes up about 70% of emissions in China, which has committed to being carbon neutral by 2060. After 2025, it is unclear whether China will approve new coal plants. But like many cities in China's coal country, coal revenues and jobs are an incentive to keep building. Several workers in Yulin expressed little doubt about whether new coal plants make economic and environmental sense.

Persons: Li, Gao Yuhe, Xu Mingjun, China's, Xie Zhenhua, Yuheng, Duan, Colleen Howe, Ella Cao, David Stanway, Tony Munroe, Gerry Doyle Organizations: Reuters, Greenpeace, Shenhua Energy, Global Energy Monitor, Development and Research Center, Shaanxi Yulin Energy, Shaanxi Daily, Thomson Locations: YULIN, China, Yulin, Yangquan, Shanxi, Dubai, Ukraine, Canada, Shaanxi, China's, Beijing, Singapore

☆ 'An era in the United States has ended': The Chinese internet is alight with tributes to Henry Kissinger
▼ + stars: | 2023-11-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The Chinese internet lamented the death of Henry Kissinger death on Wednesday. Just four hours after his death was announced, topics on Kissinger hit a whopping 660 million combined view count on Weibo, China's version of Twitter. "Old friends are dying, like leaves in the wind," wrote one Weibo user in a top comment, referencing a line attributed to the ancient Chinese warlord Cao Cao. Chinese leader Xi Jinping even called him an "old friend of the Chinese people" when Kissinger visited China in July. AdvertisementWith his death, and that of Berkshire Hathaway's Charlie Munger, "an era in the United States has ended," wrote one Weibo user in a heavily upvoted comment.

Persons: Henry Kissinger, Kissinger, —, Cao Cao, Guan Yu, Cao Cao's, Xi Jinping, Charlie Munger, Kissinger —, Munger, that's, Richard Nixon Organizations: Service, Weibo, Twitter, Sino, Business Locations: Weibo, China, American, Washington, Beijing, Berkshire, United States

☆ China's Xi visits financial hub Shanghai
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +3 min

Chinese President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSHANGHAI, Nov 29 (Reuters) - China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city's efforts to strengthen its competitiveness as an international financial centre, Xinhua news agency reported on Wednesday. Xi made the trip on Tuesday and Wednesday and he inspected the Shanghai Futures Exchange, an exhibition on Shanghai's sci-tech innovations and a government-subsidized rental housing community, the report said. Vice Premier He Lifeng, Shanghai's Communist party secretary Chen Jining and Mayor Gong Zheng also accompanied his visit. It was his first visit to the city since November 2020 and comes a year after historic street protests against China's zero-COVID policy broke out in Shanghai.

Persons: Xi Jinping, Kevin Lamarque, Xi, Cai Qi, Chen Jining, Gong Zheng, Xi's, Premier Li Qiang, Brenda Goh, Bernard Orr, Ella Cao, Ethan Wang, Mark Potter, Louise Heavens, Chizu Nomiyama, Mark Porter Organizations: Economic Cooperation, REUTERS, Rights, Shanghai Futures Exchange, Communist Party of China Central Committee, CPC, Communist, Shanghai Free, Trade, Disney, L'Oreal, Premier, Thomson Locations: Asia, San Francisco , California, U.S, China, Shanghai, Xinhua, Minhang

☆ DouYu Establishes Management Committee After CEO’s Arrest
▼ + stars: | 2023-11-28 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Wuhan-based DouYu said last week that Chen Shaojie, its chairman and chief executive, was arrested by police in Chengdu, the capital of Sichuan province. Photo: Imagine China/ReutersDouYu International Holdings said its board has established an interim management committee to oversee operations after the Chinese livestreaming company said last week its chief executive and chairman was arrested. The interim committee includes Chief Strategy Officer Mingming Su, a member of the board, and Hao Cao , a director and vice president at Douyu. Simin Ren, who was named vice president at Douyu last week, also is on the committee.

Persons: DouYu, Chen Shaojie, Mingming Su, Hao Cao, Simin Ren Organizations: Reuters DouYu International Holdings Locations: Wuhan, Chengdu, Sichuan province, China, Douyu

☆ DouYu International forms committee to manage ops after CEO's arrest
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai, China July 28, 2016. REUTERS/Stringer/File Photo Acquire Licensing RightsNov 27 (Reuters) - Live streaming platform operator DouYu International Holdings said on Monday it has formed an interim management committee to manage its operations, following the arrest of its chief executive. Last week, DouYu said its chief executive officer and chairman Chen Shaojie was arrested on Nov. 16 in the southwestern city of Chengdu. Backed by Chinese tech giant Tencent (0700.HK), DouYu is the leading video game streaming platform in China by number of users. DouYu also appointed Simin Ren as its vice president last week, it said.

Persons: Stringer, Mingming Su, Hao Cao, Simin Ren, DouYu, Chen Shaojie, Chen, Echha Jain, Krishna Chandra Organizations: REUTERS, DouYu, Holdings, HK, Thomson Locations: Shanghai, China, Chengdu, Bengaluru

☆ China's central bank pledges to support domestic demand
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Nov 27 (Reuters) - China's central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand. "Prudent monetary policy should be precise and forceful, with greater emphasis on cross-cyclical and countercyclical adjustments, enriching the monetary policy toolbox," the bank said. The bank added it would "further unblock the monetary policy transmission mechanism", enhance the stability of financial support for the real economy and keep prices "reasonably stable". China's economy is gaining momentum, but it faces challenges such as an imbalanced global economic recovery and an unstable foundation for domestic economic recovery, the central bank said. "Supply and demand dynamics in the property market have greatly changed," the central bank said.

Persons: Thomas Peter, Liangping Gao, Kevin Yao, Ella Cao, Ethan Wang, Bernard Orr, Toby Chopra, Christina Fincher Organizations: Central Business District, National People's Congress, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING

☆ Chinese court rejects Canadian pop star Kris Wu's appeal
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 24 (Reuters) - A court in China's capital Beijing on Friday denied the appeal of Canadian pop star Kris Wu, who was sentenced to 13 years in prison for crimes including rape, it said in a statement. Wu's close relatives and officials from the Canadian embassy in China attended the verdict announcement. Reuters did not have access to his relatives or his legal representatives for comment, while the Canadian embassy did not respond immediately to a request for comment. The Canadian government said in July that its diplomats were denied access to the start of Wu's appeal trial. Beijing said it notified the embassy of the appeal trial in advance, but it was not open to the public to protect the privacy of the victims.

Persons: Kris Wu, Wu, Kris, Wu's, Xander Cage, Louis Vuitton, Ella Cao, Ryan Woo, Jamie Freed Organizations: Friday, People's, Canadian, Hollywood, Porsche, Thomson Locations: BEIJING, China's, Beijing, China, Canadian, Lancome

☆ China says Philippines enlists foreign force to stir trouble in South China Sea
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

The Chinese military will maintain high vigilance, resolutely defend sovereignty and maritime rights and interests, and resolutely safeguard peace and stability in the South China Sea, China's military said. "The Philippines enlisted forces out of the region to patrol ... stirred up trouble and engaged in hype, undermining regional peace and stability," the southern theatre command of the Chinese military said. Relations have soured between China and the Philippines over the South China Sea under Philippine President Ferdinand Marcos Jr as he pivots towards closer ties with the U.S., which supports the Southeast Asian nation in its maritime disputes with China. A Chinese foreign ministry spokesperson said on Wednesday China had warned the U.S. and the Philippines in connection with their patrols. A Chinese navy ship shadowed three U.S. and Philippine warships conducting joint patrols on Thursday, the Philippine armed forces chief, Romeo Brawner, told reporters.

Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Ferdinand Marcos Jr, Mao Ning, Romeo Brawner, Brawner, Ella Cao, Bernard Orr, Liz Lee, Neil Jerome Morales, Edmund Klamann, Robert Birsel Organizations: Philippine, China's, REUTERS, U.S, Philippines, U.S ., Relations, South China, China, Philippine -, Thomson Locations: Beijing, China, Philippines, BEIJING, MANILA, Philippine, U.S, South China, Taiwan, South, Palawan, United States, Manila

China, the world's second-largest economy, is already a major investor in South America and has offered tariff-free access to its huge consumer market to four countries. But Uruguay faces opposition from other members of the Mercosur bloc who want to settle an FTA with Europe instead. By comparison, other major beef exporters Australia and New Zealand, which have FTAs with China, pay tariffs at 3.3% and 0%. The elevation of ties with Uruguay to the level of Brazil and Argentina also pushes the remaining Mercosur member Paraguay further outside China's global trade and investment network. Agriculture-dependent Paraguay, whose main exports include beef and soybeans, is the last South American nation that has ties with democratically governed Taiwan, which China claims as part of its territory, and not with Beijing.

Persons: Xi Jinping, Luis Lacalle Pou, Florence Lo, Lacalle Pou, Xi, Joe Cash, Ryan Woo, Ella Cao, Toby Chopra, Raju Gopalakrishnan, Chizu Nomiyama, Alexander Smith Organizations: Uruguayan, of, People, REUTERS, New Development Bank BEIJING, Mercosur, South, Nations, New Development Bank, China, United, Mercosur CET, National Meat Institute of, China's National Bureau of Statistics, Thomson Locations: Beijing, China, Uruguay, Argentina, Brazil Mercosur, American, Brazil, South America, Chile, Costa Rica, Ecuador, Peru, Europe, Australia, New Zealand, Shanghai, United States, MERCOSUR Uruguay, Brussels, Montevideo, Mercosur, National Meat Institute of Uruguay, Paraguay, Taiwan

☆ China’s Problem With Unfinished Homes Keeps Getting Bigger
▼ + stars: | 2023-11-19 | by ( Rebecca Feng | Cao Li | ) www.wsj.com time to read: 1 min

There are 20 million units of uncompleted and delayed presold homes across China, according to one estimate. Photo: Bloomberg NewsChina’s housing market has a big problem: millions of unfinished homes that were sold but not delivered. Solving that is crucial for a recovery, but the problem keeps getting bigger. More property developers are defaulting on their debt and adding to the logjam of construction delays and stalled residential developments across the country.

Organizations: Bloomberg Locations: China

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